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US manufacturing growth at fastest in six years [Copy link] 中文

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Post time 2010-4-2 19:02:41 |Display all floors
The US manufacturing sector expanded in March at its fastest rate for six years, a report has said.

The Institute for Supply Management's (ISM's) purchasing managers index rose to 59.6 points last month, up from 56.5 in February.

A figure of 50 or above represents growth, and March was the eighth month in succession that US manufacturers have increased their output.

It comes after China and European nations also saw higher factory output.

UK manufacturing activity grew at its fastest for 15 years in March, according to a survey by Markit and the Chartered Institute of Purchasing and Supply.

Elsewhere, growth in Germany's manufacturing sector last month was the strongest for almost 10 years, while France's expansion was the best since November 2006.

Improving economy

The ISM's latest monthly figure for the US was better than market expectations of 57, and comes as the wider economy is continuing to recover from recession.

The institute said growth was strongest among clothing manufacturers.

Recent official US economic data showed that consumer spending rose in February, but at its slowest rate since September last year.

Meanwhile, the overall economy grew at an annualised rate of 5.6% in the fourth quarter of 2009, the Commerce Department said last week, slower than the previous estimate of 5.9%.

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Post time 2010-4-3 22:34:34 |Display all floors
Savings rates in the US are rising.
"Justice prevails... evil justice."

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Post time 2010-4-3 23:51:31 |Display all floors
That's a good sign :)

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Post time 2010-4-3 23:58:13 |Display all floors
Depends. For the US, certainly. For China, probably not.
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Post time 2010-4-4 04:21:34 |Display all floors
Originally posted by interesting at 2010-4-3 08:58
Depends. For the US, certainly. For China, probably not.


I'm curious. Why would it be good for the US and not good for China?

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Post time 2010-4-4 04:32:42 |Display all floors
Export markets in the UK have seen an upturn on a weak pound.

Kyosan, if our exports are competitive that probably means people are buying less from China.

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Post time 2010-4-4 04:58:39 |Display all floors
Originally posted by St_George at 2010-4-4 04:32
Export markets in the UK have seen an upturn on a weak pound.

Kyosan, if our exports are competitive that probably means people are buying less from China.



Obsolutely true. I am finding a few items are more favourable sourced in UK. 2 years ago there was no thought of buying from UK

20 Months ago US$2.00 = £1.00
Now             US$1.50 = £1.00
25% loss
on top of that
Import charges have risen steeply
Customs are more strict with duty rates up to 6% more if they can get away with it
Freight charges are higher in particular road delivery charges due to increase in Deisel price
That all adds up to a shed load of money to make up perhaps 35%. how can a supplier change prices to customers like John Lewis plc every 3 months>
Just have take a lesser profit.
No sign of a recovery for at least 4 Months

Chao Ren VFP

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